Mid-Hudson home prices stable; inventory is strong

Real estate experts hesitant to forecast on sales outlook for new year

5:51 AM,
Jan. 7, 2014

This 1,183-square-foot, three-bedroom, two-bath house on Route 44 in the Town of Poughkeepsie is listed for sale at $249,000 by Houlihan Lawrence. That price is close to the 2013 median sale price for Dutchess County, which was $248,000. The house, which sits on .46 acres of land, also includes a two-car detached garage.

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Home sales finished 2013 by moving up in volume but staying stable in price.

The median price for the year for single-family, free-standing homes came in at $248,000, just below the level set in 2012 and in 2011, when it was $250,000 - both years.

Mid-Hudson Multiple Listing Service data issued Monday showed a 16.2 percent gain in the number of detached homes sold in 2013, with December's count of 168 bringing the year's volume to 1,790 sales. ...